Acquisitions Abound as Net Stocks Inch Upward
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Internet stocks were just barely treading water in mid-day trading. Incubators and business-to-business issues remained hot as a number of acquisitions were announced.
At 12:00 p.m. Eastern, internet.com's Internet Stock Index was up 2.62, or 0.28 percent, to 930.69, the Nasdaq Composite had gained 6.38 to 4401.83, and the Dow Jones industrial average was up 108.90 to 10534.11.
Among the leaders, Cisco Systems Inc. (CSCO) was off 1 to 129-15/16, Doubleclick Inc. (DCLK) was up 2 to 113-1/8, eBay Inc. (EBAY) was inching 1/8 higher to 153-1/2 and Yahoo! Inc. (YHOO) had lost 2-3/4 to 168-5/8.
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